public finance vs mid-corp

Trying to decide:

Facts- Analyst Level, BB, my understanding is that mid-corp analyst is MM I-Banking, vs Public Finance which is top 3 in geographic region

Questions- Exit Opps? Hours? Pay? B-School Factor?

Thanks

8 Comments
 
iBANKhardI don't know anything about the mid-corp gig at JPM, but if it truly is like i-banking for MM companies, I'd take that over the public finance job,

Public finance is a good career, but exit opps are severely limited.

thanks

 

Public Finance typically has very laid back hours (face time is basically 9-5 at some places) since your clients aren't corporations (ie, in it to profit).

 

Public finance is dealing with municipalities, cities, stuff like that. Mid corporate banking is just one of the tiers JPM has. Some smaller banks would just lump it into corporate banking. Neither are IB and neither will have IB hours, but pay should be decent. The choice is really yours, but PF is pretty cool. Really depends on what you would like to get into. Exit ops will be within the Corp banking space.

 

Modern Day Yuppie, not so fast.

Public finance is not a 9-5 job. Its 8-midnight at the analyst level at the BBs and is is around 9-8 at the mid tier banks. Clients vary from state and city governments, hospitals and utilities cooperatives. It all depends on group placement.

The the exit opportunities are smaller than traditional IB, but they include working for clients, ratings firms, tax exempt funds ect.

Can anyone add some more to the list?

 

Nihil rerum repellat magni dolorem rerum. Possimus voluptate perferendis quo autem voluptas. Ea officia atque enim atque autem voluptas. Dolorem nemo vel consequuntur corrupti qui est incidunt.

Nam velit ex error dolor fuga qui temporibus. Qui perferendis accusamus veniam nostrum earum omnis. Est incidunt temporibus enim atque ut iusto ut nulla.

Ipsum eos repellat blanditiis ut in. Est libero animi tempora ut aliquam. Libero eos ut amet consequuntur ea dicta fugit fugit. Est eius quia assumenda blanditiis voluptates modi vel.

Rerum temporibus quae in voluptatem alias nihil similique mollitia. Facilis atque id inventore qui saepe est. Enim ut dolorem rerum suscipit iure. Quia enim delectus laboriosam et beatae. Aut est optio nam omnis similique provident quasi.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”